IMF maintains Ghana's 4.8% growth forecast amid global uncertainty
International Monetary Fund (IMF) maintains its growth projection of 4.8% for 2026 for Ghana. The latest outlook aligns with the Fund's October 2025 forecast and places Ghana slightly ahead of the projected 4.6% growth for Sub-Saharan Africa. Global growth expectations have been revised downward to 3.1%, largely due to rising energy costs and ongoing geopolitical tensions.
The IMF states Ghana's positive outlook is underpinned by stronger-than-anticipated performance under its economic reform programme, supported by fiscal discipline and improving macroeconomic conditions. An estimated 6% expansion in 2025 was driven mainly by the non-oil sector and agricultural activity. Inflation has seen a sharp decline, falling to 3.2% as of March 2026, but the Fund expects it to edge up to 7.9% by the end of the year as price pressures gradually stabilise. The easing trend has created room for the Bank of Ghana to adopt a more cautious approach to monetary policy adjustments.
The IMF cautioned that rising costs, reduced external support and lingering vulnerabilities could heighten risks to poverty and food security. Sustained growth will depend on continued fiscal discipline and targeted social protection policies.
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The IMF has released its latest growth forecast for Ghana amid a shaky global economic outlook. The projection highlights the nation's economic trajectory - but what factors could influence this path?
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